"Worst Thing I've Ever Seen"; Trickle-Down Terror Of Tricolor Trouble Hits Alts

Last week we asked (and attempted to answer) whether a medium-sized canary just croak in the coalmine of consumer credit?

The candidate was little-known Tricolor Holdings - a subprime auto-lender - that had suddenly, overnight, collapsed amid allegations of fraud and whether the same collateral was pledged to multiple lenders.